Latin America Economic Forecast

Economic Snapshot for Latin America

November 11, 2022

Economic Growth

Regional growth will slow in 2023 on tight financial conditions, weaker activity abroad and lower prices for key commodity exports. However, a recovering tourism sector will provide some support. Additional monetary tightening, a slowdown in key export market China, recessions in the U.S. and Europe and sociopolitical unrest are important factors to watch.

Inflation Outlook

Regional growth will slow in 2023 on tight financial conditions, weaker activity abroad and lower prices for key commodity exports. However, a recovering tourism sector will provide some support. Additional monetary tightening, a slowdown in key export market China, recessions in the U.S. and Europe and sociopolitical unrest are important factors to watch.

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5 years of Latin America economic forecasts for more than 30 economic indicators.

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